New Zealand House Prices, Sales Fall in January

TODAY: Feb. 11, 2016 PUB DATE: Feb. 11, 2016

By Kate Geenty WELLINGTON, New Zealand--New Zealand house prices and sales fell in January compared to December, the Real Estate Institute of New Zealand said Wednesday. The national median house price fell 3.7% in January compared with the previous month, ...

Sun Life Financial Tops Analysts' Estimates

TODAY: Feb. 11, 2016 PUB DATE: Feb. 11, 2016

Sun Life Financial Inc., Canada's third-largest insurance company by assets, posted a fourth-quarter profit Wednesday that beat analysts' expectations despite challenges posed by low interest rates, tumbling commodity prices and stock-market turbulence. Toronto-based Sun Life, which reported results after the ...

NYMEX Crude Slips Below $27 a barrel

TODAY: Feb. 11, 2016 PUB DATE: Feb. 11, 2016

...total stocks showed weekly growth for the 11th week out of 14 with unexpectedly large additions to product stockpiles. "The market took the view...that the decline in U.S. crude oil stockpiles woul...

Asian Shares: Hong Kong Stocks Fall After Long Holiday -- Update

TODAY: Feb. 11, 2016 PUB DATE: Feb. 11, 2016

By Chao Deng Stocks in Hong Kong fell sharply on Thursday, catching up with deep regional selloffs, as the market reopened after an extended Lunar New Year holiday. The benchmark Hang Seng Index was recently down 4% at 18526.03, near ...

Andreessen Horowitz Sells Some Lyft Shares to Prince Al-Waleed

TODAY: Feb. 11, 2016 PUB DATE: Feb. 11, 2016

Two of the most prominent investors in ride-hailing service Lyft Inc. quietly sold $148 million in shares of the company in recent weeks, according to people familiar with the matter. Andreessen Horowitz and Founders Fund, a venture firm founded by ...

Low Oil Prices Don't Trickle Down Much to European Drivers

TODAY: Feb. 11, 2016 PUB DATE: Feb. 11, 2016

By Neanda Salvaterra LONDON--About six months ago, when the oil price dipped below $40 a barrel for the first time in six years, Nicholas Samy traded in his gas-guzzling truck and bought a tiny Toyota Yaris. "Petrol is still expensive," ...

Yellen Stands Against Rate Rule

TODAY: Feb. 11, 2016 PUB DATE: Feb. 11, 2016

Federal Reserve Chairwoman Janet Yellen on Wednesday reiterated her opposition to legislation that would force the Fed to follow a mathematical rule for setting interest rates. Testifying before the House Financial Services Committee, Ms. Yellen conceded the economy is "in ...

Sun Life Financial Tops Analysts' Estimates

TODAY: Feb. 11, 2016 PUB DATE: Feb. 11, 2016

By Rita Trichur Sun Life Financial Inc., Canada's third-largest insurance company by assets, posted a fourth-quarter profit Wednesday that beat analysts' expectations despite challenges posed by low interest rates, tumbling commodity prices and stock-market turbulence. Toronto-based Sun Life, which reported ...

Malaysia December Industrial Output +2.7% on Year; +1.0% Expected

TODAY: Feb. 11, 2016 PUB DATE: Feb. 11, 2016

By Yantoultra Ngui KUALA LUMPUR--Malaysia's industrial output expanded 2.7% in December from a year earlier, mainly driven by positive growth in manufacturing and electricity activities, official data released Thursday show. The rate of expansion was faster than the average 1.0% ...

Peabody to Draw Down Rest of Revolving Loan

TODAY: Feb. 11, 2016 PUB DATE: Feb. 11, 2016

Peabody Energy Corp. is planning to draw down the remaining available balance of its $1.65 billion revolving credit facility, a move that would give the company much-needed cash to weather the coal industry's deep downturn. The St. Louis company, which ...

Canadian Pacific CEO: Options 'Shorter' for Takeover of Norfolk Southern

TODAY: Feb. 11, 2016 PUB DATE: Feb. 11, 2016

By Jacquie McNish Canadian Pacific Railway Ltd.'s options for winning a hostile bid for Norfolk Southern Corp. are "becoming shorter and shorter," its chief executive said Wednesday. Citing Norfolk Southern's refusal to enter talks and mounting opposition to the proposed ...

Canadian Pacific CEO: Options Shorter for Norfolk Southern Takeover

TODAY: Feb. 11, 2016 PUB DATE: Feb. 11, 2016

Canadian Pacific Railway Ltd.'s options for winning a hostile bid for Norfolk Southern Corp. are "becoming shorter and shorter," its chief executive said Wednesday. Citing Norfolk Southern's refusal to enter talks and mounting opposition to the proposed deal from politicians, ...

Cisco Results Top Expectations; Raises Dividend, Buyback -- Update

TODAY: Feb. 11, 2016 PUB DATE: Feb. 11, 2016

By Don Clark Cisco Systems Inc. posted a 31% jump in quarterly net profit on Wednesday, but showed signs that weakening economic conditions have taken a toll on the businesses that the networking equipment giant serves. The San Jose, Calif.-based ...

Global Gold Demand was Flat in 2015

TODAY: Feb. 11, 2016 PUB DATE: Feb. 11, 2016

By Ese Erheriene Global gold demand was broadly unchanged last year, but a fall in supply could be positive for the market going forward, said the World Gold Council Thursday. Demand in China, one of the biggest buyers of the ...

Kyle Bass Steps Up Attack on China's Currency

TODAY: Feb. 11, 2016 PUB DATE: Feb. 11, 2016

By Juliet Chung and Carolyn Cui Investor Kyle Bass said Wednesday that China's liquid foreign reserves are "already below a critical level," intensifying a debate over China's ability to keep its currency from falling. Mr. Bass, whose Hayman Capital Management ...

Subscribers: Japan Market Items Not Available Due to Holiday

TODAY: Feb. 11, 2016 PUB DATE: Feb. 11, 2016

Items about Japan's markets that are usually published on a regular schedule won't be published Thursday due to a public holiday. The items will resume Friday. (END) Dow Jones Newswires February 10, 2016 18:14 ET (23:14 GMT) Copyright (c) 2016 ...

Lawmakers Question U.S. Decision to Give Rum Trademark to Cuba

TODAY: Feb. 11, 2016 PUB DATE: Feb. 11, 2016

By Felicia Schwartz WASHINGTON--A bipartisan group of U.S. lawmakers said they are concerned about the Obama administration's decision last month to award a trademark for Havana Club rum to the Cuban government. In a letter to Secretary of State John ...